Abundant US LNG drives lower prices and storage needs in Europe J P M O R G A N The How and Why of 31 EUR and 80% Global Markets Strategy 20 November 2025 European Natural Gas Outlook 2026/2027 The European natural gas market underwent a dramatic transformation in 2022, catalyzed by the Russia-Ukraine war and the resulting sharp decline in Russian pipeline supplies to the continent. Russian flows to Northwest Europe (NWE) fell to zero in September 2022 after explosions damaged the Nord Stream pipelines. Nev ...

Group 1: Agreement Details - Venture Global and Tokyo Gas have signed a long-term LNG sales and purchase agreement for one million tonnes per annum (mtpa) over a 20-year period starting in 2030 [1] - This agreement increases Venture Global's total signed SPAs in the past six months to 7.75mtpa [1] Group 2: Company Profiles - Tokyo Gas is Japan's largest city gas supplier with a diverse energy portfolio that includes LNG procurement, power generation, and renewable energy investments [2] - Venture Global is a US producer and exporter of low-cost LNG, claiming over 100mtpa of capacity in production, under construction, or in development [2] Group 3: Operational Insights - Venture Global began LNG production in 2022 and operates a vertically integrated business model encompassing LNG production, natural gas transport, regasification, and shipping [3] - The company's initial three projects are located in Louisiana along the Gulf of Mexico, and it is also focused on carbon capture and sequestration projects at its LNG sites [3] Group 4: Strategic Comments - Venture Global's CEO highlighted the significance of the new partnership with Tokyo Gas, noting nearly 8mtpa of new long-term commitments signed this year [4] - The agreement is expected to enhance the US-Japan balance of trade by providing Japan with affordable and reliable American LNG [5]

The US Export-Import Bank, an independent federal agency tasked with helping to facilitate US trade, will invest $100 billion to achieve President Trump's plan to secure US and allied supply chains for critical minerals, nuclear energy, and liquefied natural gas (LNG). Its new chair, John Jovanovic (appointed in September) told the Financial Times that the agency would finance these efforts in order to counter western reliance on China and Russia - and that the first tranche of deals will include projects ...

Cheniere Energy Inc. (NYSE:LNG) is one of the most profitable large cap stocks to buy right now. On November 13, Scotiabank analyst Brandon Bingham lowered the firm’s price target on Cheniere Energy to $257 from $261 and maintained an Outperform rating on the shares. This sentiment was posted as Scotiabank updated price targets for the US Midstream stocks under its coverage. The firm emphasized that the overall Q3 2025 earnings reports showcase the benefit of having a natural hedge through diversification ...

China’s imports of liquefied natural gas are set to decline for the 13th month in a row in November amid higher domestic production and pipeline imports, Bloomberg has reported, citing Kpler data. The country’s November total in imports is seen at 5.81 million tons, which would be a 5.5% decline from a year ago, Kpler said. The decline would be significantly smaller than the ones registered for the previous two months, both of which were at over 10% on the year. Last year, China saw a surge in LNG and pi ...

The Australian Fair Work Commission has given the go-ahead to industrial action at Woodside Energy’s Pluto LNG 2 project after trade unions failed to agree on higher wages with the company. Per the regulator’s decision, as cited by Reuters, the Offshore Alliance, which groups two industry trade unions, must hold a vote no later than December 4 to decide whether to start a strike. If the strike is approved, it would delay the start of production at Pluto LNG 2, which was scheduled for the second half of 20 ...

Amid shifting global economic currents, one Gulf state is quietly reshaping its narrative. The State of Qatar, long known for its abundant natural gas reserves, is steadily repositioning itself as a dynamic investment destination. With deliberate policy changes, infrastructure expansion, and a diversification push beyond hydrocarbons, Qatar offers a case study in the transformation of a mid-sized economy. For foreign investors seeking both performance and stability in the MENA region, the question is no lon ...

Shares of billionaire Wes Edens’ New Fortress Energy Inc. plunged on Friday after the liquefied natural gas (LNG) firm warned that it may file for bankruptcy protection in the U.S. if it cannot reach an out-of-court restructuring deal with creditors. The New York-based company said in a regulatory filing that it’s also considering a court-supervised restructuring in the U.K., underscoring the severity of its financial strain. New Fortress, which supplies natural gas across the Caribbean and Latin America, ...

Group 1: Natural Gas Market Outlook - The world is increasingly favoring natural gas over oil due to its lower carbon emissions and fewer environmental risks, making it an attractive option for energy investors [1] - The U.S. Energy Information Administration (EIA) projects natural gas spot prices to rise to $3.50 per million BTU by 2025, up from $2.20 last year, with expectations of $4.00 per million BTU next year driven by increasing LNG export volumes [2] - The EIA's outlook indicates a positive future for natural gas explorers and producers, while upstream oil players may face challenges due to declining crude prices [4] Group 2: Company-Specific Insights - Williams (WMB) is well-positioned to benefit from the demand for clean energy, with a pipeline network of 33,000 miles facilitating significant natural gas transportation, generating stable cash flows [6] - Antero Resources (AR) is a key natural gas explorer with a strong presence in the Appalachian region, possessing premium drilling inventories that can sustain operations for over two decades [7] - Comstock Resources (CRK) operates in the Haynesville Shale and reported an adjusted net income of $28 million in Q3 2025, recovering from a loss of $48.5 million in the previous year [8]

Key Takeaways Venture Global advances Plaquemines LNG expansion with filings to FERC and the U.S. DOE.The company boosts production targets nearly 40% on strong LNG demand and efficiency gains.A three-phase plan with 32 trains lifts Plaquemines LNG's peak output to more than 58 MTPA.Venture Global Inc. (VG) , a U.S.-based liquefied natural gas (LNG) company, stated that it has taken a major step toward the expansion of its Plaquemines LNG project. The LNG firm has submitted an application for the approval o ...